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"Sorry, Mr. Pritzker. The data is clear that Illinois and other states dominated by progressives are losing human talent in droves to better-governed states." New IRS data shows a net 105,000 people left Illinois in 2021, taking with them some $10.9 billion in AGI. That’s up from $8.5 billion in 2020 and $6 billion in 2019. See Wirepoints own details on the new IRS numbers nationally here and for Illinois here.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Illinois is doing fine,we moved to NWI just for the weather.
It is absolutely amazing how JB gets away with the most blatantly stupid things he says. So the IRS’s ‘Migration’ report isn’t about migration JB? OK? But the most shocking thing is that the public and press– and especially the press– don’t call him out on it. As we all know the continuously successful effort to ignore the problem just lets the problem get worse and worse. How long will it be before the State of Illinois needs a tax increase to pay the bills? Some experts are now starting to say in 3-4 years if this migration of high… Read more »
There is a direct correlation between raising taxes and exodus of residents. PPF says lots more taxes can be increased. He is right, but they will be paid by few residents.
Will there be any taxpayer’s left in Illinois I wonder.
State of IL workers, woke young people, illegal immigrants, and retirees; and many retirees will leave if IL starts taxing retiree income
Let’s face it – Biden, Pritzker, and the Leftist Democrats, aided and abetted by the establishment media, are experts at gaslighting. They wouldn’t keep doing it if it didn’t work.
Round boy cannot help but to lie about population numbers. He is captaining a sinking ship and does not want to alert the passengers that all is not well. But rest assured , he and his billions will be just fine!
I have a slightly different take on this…….Round Boy wants to run for president and it’s more about not alerting the rest of the nation’s voters of how bad things are here. That said, is there any……ANY democrat run state, city, etc. that is doing well? (by the traditional definitions of what “doing well” means.)
“Carnival barkers” everywhere, as Pritzker would have you believe. The IRS, the Census Bureau, the moving van lines, Wall Street Journal and your own eyes and ears. All “spelunking for misery,” as he put it.
Well, time for Guv’nor Doesn’t Matter to waddle out in front of a camera again to dismissively remind us that articles of this sort are the work of “Carnival Barkers,” and that Illinois is proudly leading the rest of the states to a progressive-n-woke utopia.
I voted with my feet and left Taxistan over 20 years ago.
The amount of money I save in property, income, sales, etc. taxes allows me to pay $40,000 in CASH for a NEW car every 4 years.
Da Judge
God help us if this platinum spoon over privileged POS runs for Prez.
The scariest part is the sheer number of fools who would vote for him!
The typical response of the liberal elitist to people leaving blue states is good riddance! JB is a shining example of the liberal elitist. He knows he is smarter and better than everyone else, and he’s going to prove it. Sadly, he has a very real chance of making it happen, as the Dems will bail out blue states every time they gain control in Washington. If this gargantuan arrogant waste of space realizes what he believes is his destiny, this country is finished, as he will test the limits of executive action. At that point it will be confiscation… Read more »